KONTAN.CO.ID - JAKARTA. Private lenders Bank Danamon Indonesia and Bank Nusantara Parahyangan (Bank BNP), members of the Mitsubishi UFJ Financial Group, Inc. (MUFG) announced their merger proposal on Tuesday. The merger is still pending approval from the Financial Services Authority (OJK), shareholders of the two banks and other requirements, according to a press release issued by Bank Danamon on Tuesday. Bank Danamon acts as a receiver bank in the merger.
Bank Danamon, Bank BNP propose merger
KONTAN.CO.ID - JAKARTA. Private lenders Bank Danamon Indonesia and Bank Nusantara Parahyangan (Bank BNP), members of the Mitsubishi UFJ Financial Group, Inc. (MUFG) announced their merger proposal on Tuesday. The merger is still pending approval from the Financial Services Authority (OJK), shareholders of the two banks and other requirements, according to a press release issued by Bank Danamon on Tuesday. Bank Danamon acts as a receiver bank in the merger.